Cubic Corporation Awarded US Navy Contracts Valued up to $298.5 Million to Support Advanced Combat Ship Training

Cubic Corporation Awarded US Navy Contracts Valued up to $298.5 Million to
Support Advanced Combat Ship Training

SAN DIEGO, Calif., March 1, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Cubic
Corporation's (NYSE:CUB), Orlando-based Simulation Systems Division announced
that it has received three prime contracts from Naval Air Warfare Center
Training Systems Division (NAWCTSD) to develop instructor-led (synchronous)
and instructor facilitated self-paced (asynchronous) courseware in support of
the Littoral Combat Ship Train to Qualify (T2Q) and Train to Certify (T2C)
shore-based training requirements for both variants of the Littoral Combat
Ship, and for the Mission Packages utilized on both ships.

The Littoral Combat Ship program represents the United States Navy's most
advanced designs, capabilities and technologies to create the next generation
of surface vessels that can operate in dangerous shallow and near-shore
environments.

If fully funded, the three indefinite delivery, indefinite quantity contracts
have the potential value of up to $298.5 million over the five-year
period-of-performance.

This program represents a strategic partnership between the United States
military, government and industry. This will result in the creation of jobs
for veterans, engineers and new graduates of science, technology, engineering
and mathematics programs.

"We are extremely pleased that Cubic has been selected to contribute and
participate in this important Navy program," said Brad Feldmann, president and
chief operating officer of Cubic. "This announcement is another example of
Cubic's continued partnership with the United States Navy. We are steadfast in
our commitment to this role in support of the men and women in uniform
regarding their vital mission to defend freedom and the interests of the
United States around the world."

The Littoral Combat Ship courseware development programs will be executed in
Orlando, Fla. Cubic's Simulation Systems will partner with Cubic Mission
Support Services, and a team of industry leading subcontractors including
Austal USA, Alion Science and Technology, Sonalysts, Inc., Aptima, Inc.,
Cybernet Systems Corporation, RealTime Immersive, Inc. and a host of small and
economically disadvantaged businesses to deliver the interactive courseware
products.

About Cubic Corporation

Cubic Corporation is the parent company of three major business segments:
Defense Systems, Mission Support Services and Transportation Systems. Cubic
Defense Systems is a leading provider of realistic combat training systems,
cyber technologies, asset tracking solutions, and defense electronics. Mission
Support Services is a leading provider of training, operations, maintenance,
technical and other support services to the U.S. and allied nations. Cubic
Transportation Systems is a leading provider of automated fare collection
systems and services for public transit authorities. For more information
about Cubic, see the company's web site at http://www.cubic.com.

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http://www.prweb.com/releases/2013/3/prweb10488807.htm

CONTACT: Cubic Corporation
         Timothy Hill
         timothy.hill@cubic.com
         858-505-2430